Thursday, 15 October 2015

BSE-Sensex closed higher by around 230 points, gains on the NSE-Nifty at around 72 points for 15 Oct 2015

Asian markets closed sharply higher today with shares in China leading the region. The Shanghai Composite was up 2.32% while Hong Kong's Hang Seng was up 2.00%. Japan's Nikkei 225 closed higher by 1.15%. European markets have opened higher in early trade with shares in Germany leading the gains. The rupee was trading weak at 65.11 against the US$ in the afternoon session.

NSENIFTY closed up  71.600 at 8,179.500.  Volume was 4% above average (neutral) and Bollinger Bands were 8% narrower than normal. 


  • Open           High            Low             Close       Volume___
  • 8,134.350   8,190.550    8,129.800    8,179.500  172,429,856

  • Technical Outlook 
  • Short Term:               Overbought
  • Intermediate Term:    Bullish
  • Long Term:               Bearish

  • Moving Averages: 10-period     50-period     200-period
  • Close:                    8,128.23       8,070.91       8,376.48
  • Volatility:                     15               26                21
  • Volume:              178,875,456    184,614,272    164,382,592



   NSENIFTY is currently 2.4% below its 200-period moving average and is in an upward trend.  Volatility is extremely low when compared to the average volatility over the last 10 periods.  There is a good possibility that there will be an increase in volatility along with sharp price fluctuations in the near future.  Our volume indicators reflect volume flowing into and out of NSENIFTY at a relatively equal pace (neutral).  Our trend forecasting oscillators are currently bullish on NSENIFTY and have had this outlook for the last 9 periods.    




BANKNIFTY closed up 142.850 at 17,686.100.  Volume was 30% below average (neutral) and Bollinger Bands were 42% narrower than normal. 



  • Open             High               Low              Close        Volume
  • 17,604.449    17,752.699    17,582.850  17,686.100  45,583,752

  • Technical Outlook 
  • Short Term:              Overbought
  • Intermediate Term:    Bullish
  • Long Term:               Bearish

  • Moving Averages: 10-period     50-period     200-period
  • Close:                     17,547.83      17,499.88      18,355.15
  • Volatility:                     20               35                 29
  • Volume:                50,027,196     71,148,776     60,950,776



   BANKNIFTY is currently 3.6% below its 200-period moving average and is in an upward trend.  Volatility is extremely low when compared to the average volatility over the last 10 periods.  There is a good possibility that there will be an increase in volatility along with sharp price fluctuations in the near future.  Our volume indicators reflect volume flowing into and out of BANKNIFTY at a relatively equal pace (neutral).  Our trend forecasting oscillators are currently bullish on BANKNIFTY and have had this outlook for the last 11 periods.    The security price has set a new 14-period high while our momentum oscillator has not.  This is a bearish divergence.  

About

Parag Patil is a technical analyst and trading system designer with stock excel programmer. I hope the articles and live chart of nse future and mcx on this Website will be as helpful and profitable to you . I try to update and post new articles tips everyday. My motto is to encourage the traders, so that they should able to understand the technique views behind the moment of stocks. I have deeply analyzed with many technical indicator with parameter and added to my amibroker afl. And even taken backtest report which is never being implemented. Any of the analyst expect me. Seeing all this you may understand that my views is more technical than commercial. If you are profited by my views I fill happy.

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